Common use of No Novation, Effect of Agreement Clause in Contracts

No Novation, Effect of Agreement. Guarantor and Buyer have entered into this Amendment solely to amend the terms of the Guarantee Agreement and do not intend this Amendment or the transactions contemplated hereby to be, and this Amendment and the transactions contemplated hereby shall not be construed to be, a novation of any of the obligations of Guarantor under or in connection with the Guarantee Agreement.

Appears in 4 contracts

Samples: Guarantee Agreement (ACRES Commercial Realty Corp.), Guarantee Agreement (ACRES Commercial Realty Corp.), Guarantee Agreement (Exantas Capital Corp.)

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